Mathematics
Mathematics, 18.12.2020 21:10, edamite12

a company is about to launch its new fast food for sale in supermarkets throughout Arkansas. the research department is convinced that a special type of chicken wings will be a great success. the marketing department wants to launch an intensive advertising campaign. the advertising campaign will cost $1,200,000 and if successful will produce $5,000,000 profit. if the campaign is unsuccessful (30% chance), the profit is estimated at only $1,750,000. if no advertising is used, the revenue is estimated at $3,250,000 with a probability of 0.65 if customers are receptive and $1,600,000 with a probability of .35 if they are not

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